Santa Clarita Cities Real Estate market update March 2012

If you are visiting this page from YouTube or Dailymotion, I wish to thank you for your viewing our video’s. While they are no where near Hollywood productions, they will keep you safe when making the largest investment’s of your lives.

In the future make sure you go to Paris911 dot com and type in the words – Market Update -, to return to the most recent market updates that we have produced with regard to the Cities that compose the Santa Clarita Valley.

Here is how the Santa Clarita real estate market is fairing as of the closing figures in Real Estate for the beginning of March 2012.

Available real estate for sale inventory in SCV is shrinking

We watch as our buyers and other agent’s buyers get frustrated with the market and the huge amount of Short sale games that exist on the real estate for sale market. Some of the agent are cutting the prices of their sellers short sales because they know there is no hope of the bank approving the short sale. They dramatically reduce the price because of the “legaleze” within each short sale listing, “The price, terms and conditions are all subject to bank approval…” – Meaning they could act like this is the “Price is Right” and list the home for sale at $1.00.

Would that generate multiple leads for that real estate agent? You betcha – But, that might create an issue amongst other real estate agents and savvy real estate clients.

She called about a home for sale in Sand Canyon, which is in Canyon Country. The listing was reduced today by half of it’s original price. The listing is a short sale which has the “typical” Short Sale disclaimer attached, “The sales price, terms and everything is subject to bank approval…”. Notice the word’s “Sales Price”, is mentioned? I ran the comparables on the Sand Canyon property. The value is still at 1.2 Million Dollars. However, it is for sale at $675,000. What do you think? Is the agent using this property as a lead generator? The bank will never approve that price. That price is 1/2 of where the actual, true and current value of that home is. FYI: The home was worth 3.5million dollars at the height of the market.

Beware of the short sale games that exist. Get good advice. And do not be misled by clever marketing tactics… Thanks for allowing me to ramble on…

Paris and Connor MacIvor

Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA.
Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have.
Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted.
That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them.
Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

Based on information from CARETS as of 2019-05-25T09:46:16.157. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.